Alpha Rho Memorial Foundation

Analysis

Alpha Rho Memorial Foundation is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in March 1969, 57 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Alpha Rho Memorial Foundation reported income of $105k and spending of $89k, spending 84% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $96k to $105k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to August 2021, when income rose by 288%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alpha Rho Memorial Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Friends of Seguin Island Light Station ($105k), Roll Call of North Texas ($105k) and Friends of the Aurora Public Library ($105k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $800k against liabilities of $0, net assets of $800k.